EIN: 030276709
UEI: K44TCKJEAWM1
Audited by: BDMP Assurance, LLP
Oversight agency: 96 [Social Security Administration]
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Data as of August 28, 2026
Management decision deadline — for entities that funded this organization
The FAC accepted this audit on April 1, 2026. Under 2 CFR 200.521(d), a pass-through entity that provided federal funds to this organization for this audit period must issue a management decision on these findings by October 1, 2026 (31 days from today).
What is a management decision? →Criteria The Organization is responsible for designing, implementing, and maintaining effective internal controls over financial reporting to provide reasonable assurance that the internal controls will prevent misstatements or detect and correct misstatements on a timely basis, intentional or unintentional, from occurring. Condition and Context One significant audit adjustment was required to present the Organization's financial statements and Schedule of Expenditures of Federal Awards (SEFA) in accordance with U.S. GAAP. U.S. GAAP requires that revenue should be recorded on the financial statements and SEFA in the period it is earned. The Organization recorded federal grant reimbursement for construction totaling approximately $314,500 in the year it was billed, rather than in the year that it was earned. This was corrected by an audit adjustment to record the grants receivable and related revenue as of September 30, 2025. This also resulted in the SEFA being understated by this amount, prior to adjustment. Cause and Effect The condition identified was the result of the Organization's not implementing a process of internal control sufficient to prevent or detect and correct timely an understatement of revenue and grants receivable. The construction of the project had incurred approximately $314,500 of reimbursable costs for which grants receivable were not recorded as of September 30, 2025, resulting in an audit adjustment. Recommendation We recommend that the Organization record an adjustment at the end if its fiscal year to record the earned revenue in the financial statements and SEFA in accordance with U.S. GAAP. Views of Responsible Officials and Planned Corrective Actions Management agrees with the finding. See attached Planned Corrective Actions.
Show full finding ▾Hide full finding ▴Criteria The Organization is responsible for designing, implementing, and maintaining effective internal controls over financial reporting to provide reasonable assurance that the internal controls will prevent misstatements or detect and correct misstatements on a timely basis, intentional or unintentional, from occurring. Condition and Context One significant audit adjustment was required to present the Organization's financial statements and Schedule of Expenditures of Federal Awards (SEFA) in accordance with U.S. GAAP. U.S. GAAP requires that revenue should be recorded on the financial statements and SEFA in the period it is earned. The Organization recorded federal grant reimbursement for construction totaling approximately $314,500 in the year it was billed, rather than in the year that it was earned. This was corrected by an audit adjustment to record the grants receivable and related revenue as of September 30, 2025. This also resulted in the SEFA being understated by this amount, prior to adjustment. Cause and Effect The condition identified was the result of the Organization's not implementing a process of internal control sufficient to prevent or detect and correct timely an understatement of revenue and grants receivable. The construction of the project had incurred approximately $314,500 of reimbursable costs for which grants receivable were not recorded as of September 30, 2025, resulting in an audit adjustment. Recommendation We recommend that the Organization record an adjustment at the end if its fiscal year to record the earned revenue in the financial statements and SEFA in accordance with U.S. GAAP. Views of Responsible Officials and Planned Corrective Actions Management agrees with the finding. See attached Planned Corrective Actions.
North East Kingdom Community Action, Inc (Organization) has an internal review process to accrue for revenue not yet invoiced for reimbursement grants based on expenditures made. The Organization received a congressional award for the purchase and renovation of a building. This award is directly funded by USDA Rural Development department and has special reporting requirements for reimbursement. Due to USDA staff shortages at the Vermont/New Hampshire offices, there was a delay in receiving the required forms to submit for reimbursement. There were questions regarding the reimbursement request and eligibility of the expenditures, an entry was not made until the requisition had been reviewed and approved. The Organization’s regular accrual process was delayed due to this uncertainty. With the federal government shut down effective October 1, 2025, the Organization did not receive a response until January 9, 2026. The Organization recorded the receivable at the time of submittal of the reimbursement request in January 2026. The auditors recorded an audit adjustment as of September 30, 2025 and identified this as a material weakness due to the timing of the recording. The Organization will continue to accrue revenue not yet invoiced for reimbursement grants based on expenditures made. In the event that there is a similar incident as noted above, the Organization will record revenue based on its best estimate, closer to the year end close, when not known within a reasonable timeframe. Person Responsible: Linda Lotti, Director of Finance, 802-334-7316 Estimated completion: February 2026
FAC accepted this audit on June 30, 2025 — management decision was due December 30, 2025.
FAC accepted this audit on July 23, 2024 — management decision was due January 23, 2025.
FAC accepted this audit on April 20, 2023 — management decision was due October 20, 2023.
FAC accepted this audit on March 30, 2022 — management decision was due September 30, 2022.
FAC accepted this audit on September 13, 2021 — management decision was due March 13, 2022.
FAC accepted this audit on August 24, 2020 — management decision was due February 24, 2021.
FAC accepted this audit on March 5, 2019 — management decision was due September 5, 2019.
FAC accepted this audit on February 25, 2018 — management decision was due August 25, 2018.
FAC accepted this audit on March 19, 2017 — management decision was due September 19, 2017.
Data source: This information comes from the Federal Audit Clearinghouse, the official repository of Single Audit data. All data is public domain. Verify this organization's audit history at fac.gov.
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